ARK Invest CEO Cathie Wood has set her sights on Bitcoin as the next viable, safe haven asset for investors.
In a recent chat with ARK Chief Futurist Brett Winton, Wood pointed to Bitcoinâs resilience as one of the key reasons why she believes it can be classed as âdigital gold.â
With traders also rushing to back the Bitcoin Minetrix (BTCMTX) ICO, the crypto market could be witnessing a shift in sentiment.
Cathie Woodâs recent appearance on ARK Investâs âIn The Knowâ YouTube series gave further insight into her perspective on Bitcoinâs potential as a modern-day safe haven asset.
When asked about the growing narrative of Bitcoin as âdigital goldâ by Brett Winton, Wood pointed to Bitcoinâs historical price appreciation during times of broader market uncertainty.
Specifically, Wood highlighted Bitcoinâs performance during last yearâs regional banks crisis, where the coin âshot up 40%â while markets were in turmoil.
As she noted, the ability of Bitcoin to act as a shelter from volatility could give it similar attributes to gold.
However, Wood also acknowledged Bitcoinâs higher volatility relative to traditional asset classes.
Overall, while Wood believes we are now seeing a âsubstitution into Bitcoin,â she remains cautious about going all-in on the coin.
Regardless, her reference to Bitcoinâs ability to weather market storms provides credibility to the view that it could be a safe-haven asset class for modern investors.
While Cathie Woodâs recent comments point to a growing acknowledgment of Bitcoinâs potential as a store of value, the narrative of BTC as a safe haven asset has been building for years.
In 2020, researchers highlighted Bitcoinâs similarities to gold, focusing on the coinâs capped supply and its resistance to inflation.
A paper from Klein et al. in 2018 also hinted at Bitcoinâs safe haven status by highlighting the coinâs positive price performance during the stock market crash that accompanied the beginning of the COVID-19 pandemic.
Some crypto analysts have even suggested Bitcoin could be a superior version of gold in the digital era due to its easier transportability and divisibility.
These potential advantages have attracted institutional interest, with firms like AllianceBernstein noting Bitcoinâs strong returns during times of global crisis.
So, while Cathie Woodâs comments this week have brought more attention to Bitcoinâs potential as a safe haven asset, the foundations for this viewpoint have been in place for years.
As interest in Bitcoin as a digital safe haven asset continues gaining steam, buzz is also building in the cryptocurrency presale space.
Bitcoin Minetrix, a platform offering no-hassle BTC mining rewards through a âStake-to-Mineâ model, has gained massive traction since the start of the projectâs ICO.
Having already raised over $10.3 million from early backers, Bitcoin Minetrix seems poised to capitalize on the growth in the crypto-mining sector.
By allowing users to stake their BTCMTX tokens to earn Bitcoin without direct mining experience, Bitcoin Minetrix allows anyone to earn BTC rewards â regardless of their financial resources.
This aligns with the broader trend of simplifying crypto investing for mainstream audiences since the launch of spot Bitcoin ETFs in January.
As such, several prominent YouTubers have begun highlighting Bitcoin Minetrix in their videos, discussing the project in glowing terms.
For example, Connor Kenny released a video to his 178,000 subscribers discussing the projectâs Stake-to-Mine feature and how it âmines BTC for you.â
Fellow YouTuber ClayBro also mentioned Bitcoin Minetrix in a recent video upload, stating it could be the âeasiest way to mine Bitcoin.â
While volatility is likely to remain present in 2024, those searching for streamlined crypto-mining opportunities may find promise in Bitcoin Minetrixâs early success.
Visit Bitcoin Minetrix Presale
Disclaimer: The above article is sponsored content; itâs written by a third party. CryptoPotato doesnât endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatoâs full disclaimer.
The post Cathie Wood Picks Bitcoin as Next Safe Haven Asset as Traders Back Bitcoin Minetrix ICO appeared first on CryptoPotato.
In a recent chat with ARK Chief Futurist Brett Winton, Wood pointed to Bitcoinâs resilience as one of the key reasons why she believes it can be classed as âdigital gold.â
With traders also rushing to back the Bitcoin Minetrix (BTCMTX) ICO, the crypto market could be witnessing a shift in sentiment.
Cathie Wood Hints That BTC Could Be a Safe Haven Asset in Recent Interview
Cathie Woodâs recent appearance on ARK Investâs âIn The Knowâ YouTube series gave further insight into her perspective on Bitcoinâs potential as a modern-day safe haven asset.
When asked about the growing narrative of Bitcoin as âdigital goldâ by Brett Winton, Wood pointed to Bitcoinâs historical price appreciation during times of broader market uncertainty.
Specifically, Wood highlighted Bitcoinâs performance during last yearâs regional banks crisis, where the coin âshot up 40%â while markets were in turmoil.
As she noted, the ability of Bitcoin to act as a shelter from volatility could give it similar attributes to gold.
However, Wood also acknowledged Bitcoinâs higher volatility relative to traditional asset classes.
Overall, while Wood believes we are now seeing a âsubstitution into Bitcoin,â she remains cautious about going all-in on the coin.
Regardless, her reference to Bitcoinâs ability to weather market storms provides credibility to the view that it could be a safe-haven asset class for modern investors.
Bitcoinâs History as Potential Shelter from Market Volatility
While Cathie Woodâs recent comments point to a growing acknowledgment of Bitcoinâs potential as a store of value, the narrative of BTC as a safe haven asset has been building for years.
In 2020, researchers highlighted Bitcoinâs similarities to gold, focusing on the coinâs capped supply and its resistance to inflation.
A paper from Klein et al. in 2018 also hinted at Bitcoinâs safe haven status by highlighting the coinâs positive price performance during the stock market crash that accompanied the beginning of the COVID-19 pandemic.
Some crypto analysts have even suggested Bitcoin could be a superior version of gold in the digital era due to its easier transportability and divisibility.
These potential advantages have attracted institutional interest, with firms like AllianceBernstein noting Bitcoinâs strong returns during times of global crisis.
So, while Cathie Woodâs comments this week have brought more attention to Bitcoinâs potential as a safe haven asset, the foundations for this viewpoint have been in place for years.
Bitcoin Minetrix Brings in New Era of Crypto Mining & Raises $10.3m in Presale ICO
As interest in Bitcoin as a digital safe haven asset continues gaining steam, buzz is also building in the cryptocurrency presale space.
Bitcoin Minetrix, a platform offering no-hassle BTC mining rewards through a âStake-to-Mineâ model, has gained massive traction since the start of the projectâs ICO.
Having already raised over $10.3 million from early backers, Bitcoin Minetrix seems poised to capitalize on the growth in the crypto-mining sector.
By allowing users to stake their BTCMTX tokens to earn Bitcoin without direct mining experience, Bitcoin Minetrix allows anyone to earn BTC rewards â regardless of their financial resources.
This aligns with the broader trend of simplifying crypto investing for mainstream audiences since the launch of spot Bitcoin ETFs in January.
As such, several prominent YouTubers have begun highlighting Bitcoin Minetrix in their videos, discussing the project in glowing terms.
For example, Connor Kenny released a video to his 178,000 subscribers discussing the projectâs Stake-to-Mine feature and how it âmines BTC for you.â
Fellow YouTuber ClayBro also mentioned Bitcoin Minetrix in a recent video upload, stating it could be the âeasiest way to mine Bitcoin.â
While volatility is likely to remain present in 2024, those searching for streamlined crypto-mining opportunities may find promise in Bitcoin Minetrixâs early success.
Visit Bitcoin Minetrix Presale
Disclaimer: The above article is sponsored content; itâs written by a third party. CryptoPotato doesnât endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatoâs full disclaimer.
The post Cathie Wood Picks Bitcoin as Next Safe Haven Asset as Traders Back Bitcoin Minetrix ICO appeared first on CryptoPotato.
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